The RPA and hyperautomation market is forecasted to grow by USD 31635.5 mn during 2023-2028, accelerating at a CAGR of 27.77% during the forecast period. The report on the RPA and hyperautomation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in need for automation within major industries, rise of digital transformation with sophisticated techniques in RPA and hyperautomation, and rise in demand for fast delivery of services.
Technavio's RPA and hyperautomation market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
22.76%
CAGR
27.77%
Incremental Value
$31635.5mn
By Component
Solutions
Services
By Technology
RPA
Business process management suites
Decision management systems
Integration platform as a service
By Geographical Landscape
North America
APAC
Europe
South America
Middle East and Africa
This study identifies the growing technological advancements as one of the prime reasons driving the RPA and hyperautomation market growth during the next few years. Also, growing use of intelligent process automation (IPA) and rising strategic partnerships will lead to sizable demand in the market.
The report on the RPA and hyperautomation market covers the following areas:
RPA and hyperautomation market sizing
RPA and hyperautomation market forecast
RPA and hyperautomation market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading RPA and hyperautomation market vendors that include Akabot, Alteryx Inc., Appian Corp., Automation Anywhere Inc., Celonis SE, Compulink Management Center Inc., Datamatics Global Services Limited, Fortra LLC, International Business Machines Corp., Juniper Networks Inc., Microsoft Corp., NICE Ltd., PagerDuty Inc., Pegasystems Inc., ProcessMaker Inc., SAP SE, SolveXia Pty Ltd., SS and C Technologies Holdings Inc., UiPath Inc., and Zendesk Inc.. Also, the RPA and hyperautomation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Component
Executive Summary - Chart on Market Segmentation by Technology
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global RPA And Hyperautomation Market 2018 - 2022
Historic Market Size - Data Table on Global RPA And Hyperautomation Market 2018 - 2022 ($ million)